On Wednesday, financial trading app Robinhood suspended new purchases of Aurora Cannabis’s stocks.
Earlier this week, speculations of a possible (albeit unconfirmed) collaboration between Coca-Cola and marijuana producer Aurora (ACBFF) to produce cannabis component CBD-infused drinks apparently led to heightened investor interest in Aurora - so much so that the flood of new buy orders for Aurora was too overwhelming for Robinhood's execution venues to handle. “We suspended the purchase of ACBFF earlier today because our execution venues were unable to support the large volume of orders we’ve received for the stock,” Robinhood spokeswoman Lavinia Chirico told Fortune. “Customers who hold the stock may continue to either hold or sell ACBFF on Robinhood.”
Even the Toronto exchange had to briefly suspend trading in Aurora’s shares on Tuesday. Both Aurora and Coca-Cola, however, said that no agreement/partnership is happening at present.